Shufti Pro continues to make inroads in the crypto space. The company has revealed that it will be providing secure onboarding and authentication services for 99Starz, a start-up that is attempting to build one of the world’s top NFT yield ecosystems.
99Starz is currently searching for investors to help fuel those ambitions. That’s where Shufti Pro’s technology comes into play. 99Starz will use the Shufti Pro platform to register the identities of new users remotely, while still remaining compliant with GDPR, PCI-DSS, and other international Know Your Customer and Anti-Money Laundering regulations.
The Shufti Pro solution uses document recognition to verify the authenticity of an ID, and then uses facial recognition to match the image on that ID to a selfie of the user. The technology enables a more streamlined onboarding experience for 99Starz investors, and allows the company minimize the threat of fraud as it grows its backer community.
“We are pleased to be assisting 99Starz in their goal of delivering an intuitive digital experience for its investors,” said Shufti Pro CEO Victor Fredung. “Through this partnership, 99Starz will seamlessly onboard and authenticate the identity of their investors, fulfill KYC requirements, scale the speed and accuracy of investors’ screening while avoiding identity scams.”
“Shufti Pro allows 99Starz to onboard investors in a timely and seamless manner,” added 99Starz’ CEO Luca Lamberti. “In a fast-paced industry like crypto, speed and trust are paramount to success.”
Shufti Pro recently formed a similar partnership with Morpho Labs, a blockchain developer that is using digital onboarding tech to screen anyone who wants to support the company with cryptocurrency. The Vengo ride-hailing app and the Birka SIM card service are some of the other clients that have signed on with Shufti Pro in the past month alone. The company also added a new NFC verification tool to its platform back in April.
(Originally posted on FindBiometrics)